Two pieces of economic news today:

First, the unemployment rate for December 2010 was 9.8%. That’s down from 9.9% the month before.

But before you celebrate the one tenth of one percent change, consider this:

Louisville lost 5,700 private-sector jobs during the last year and more than 37,000 jobs during the last decade, placing it near the bottom of a ranking of the 100 largest U.S. markets, based on raw changes in employment.